All Regions Will Get ‘Fair Share’ of Defence Windfall: Industry Minister
- On June 11, 2025, Industry Minister Mélanie Joly unveiled a $9.3 billion initiative to strengthen Canada’s defence industry during an event held in Montreal.
- The plan responds to challenges caused by recent U.S. tariffs, including 25-per-cent duties on Canadian-made cars and 50-per-cent steel and aluminum tariffs by President Trump.
- Joly emphasized that Canada's automotive sector, weakened by tariffs and postponed investments like Honda's $15-billion EV project, could help meet defence goals by expanding manufacturing capacity.
- She emphasized that the government is currently operating with a heightened focus on defence and confirmed that increased defence funding will be distributed across all regions, supporting industries beyond the military, such as aerospace and artificial intelligence.
- The spending aims to fulfill Canada's NATO commitment to 2 percent of GDP on defence, reduce dependence on the U.S., and stimulate economic growth across multiple provinces and industries.
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All Regions Will Get ‘Fair Share’ of Defence Windfall: Industry Minister
Industry Minister Mélanie Joly says the massive funding announced this week for Canada’s defence industry will filter down to all regions of the country, as the federal government looks to jump-start domestic and overseas trade and reduce reliance on the United States. At a speech to Montreal’s chamber of commerce Wednesday, Joly said the provinces are not in competition for the $9.3 billion in additional spending to be allocated by March 31, bu…
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All regions will get ‘fair share’ of defence windfall: industry minister
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
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- 40% of the sources are Center
40% Center
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C 40%
R 30%
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